U.S. stocks rose, sending the Standard & Poor’s 500 Index to within three points of an all-time high, amid speculation the Federal Reserve will continue to support low interest rates as the economy recovers.
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Foreclosures in the Providence-Warwick metro area represented 1.78 percent of all mortgages for the month of June, compared with 2.35 percent for the same month last year, according to data released Wednesday by CoreLogic.
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The Northeast regional Consumer Price Index rose 1.8 percent on a nonseasonally adjusted basis during the 12 months ended in July compared with the national consumer price increase of 2 percent, according to a report from the U.S. Bureau of Labor Statistics.
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U.S. stocks advanced, after the Nasdaq Composite Index climbed to a 14-year high Monday, as retailers rallied on better-than-projected earnings while data showed inflation pressures remain limited and housing starts jumped.
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While passenger traffic at T.F. Green Airport has declined consistently each month since January, airports in nearby Connecticut and Massachusetts have reported passenger increases, according to data compiled by Bernard Kavaler’s “Connecticut by the Numbers” website.
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With the drop of Rhode Island’s unemployment rate in July to 7.7 percent, the state no longer claimed the highest jobless rate in the country for the first time since October, the U.S. Bureau of Labor Statistics reported Monday.
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The cost for a middle-income family to raise a child born last year to age 18 is $245,340, a 1.8 percent increase from the previous year and the smallest jump since the financial crisis, according to the government.
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Get the most up-to-date data on the Rhode Island and southern Massachusetts business community from the PBN List Center. Download and purchase PBN Lists as well as the complete Book of Lists in Excel format.